GT247.com Trading Blog

China throws its first punch and pledges to keep the currency stable

Written by Odwa Magwentshu | 04 Jul 2018

China threw the first punch ahead of tariffs expected to be imposed on the country by the United States. a Chinese court temporarily banned chip sales by the American firm Micron Technology Inc. in China.

China’s central bank promised to keep the currency stable and not to use it as a weapon in the trade battle with the U.S

Read our Non-Farm Payroll blog to find out what you can expect this Friday when numbers are released.